Augusta Gold Corp (AUGG)

[southern belle]

just digging into the company and project information BFGC

M-S Pit Area
Bullfrog management has estimated that 38,612 ounces of gold in 1.1 million tons of material averaging
1.06 grams per tonne remains within the shallow zone under the existing M-S pit. An additional 26,813
ounces of gold averaging 0.99 g/t remain in the deeper zone under the M-S pit. These manual estimates
were based on cross sections typically spaced 15 meters apart, a nominal cutoff grade of 0.3 gram gold per
ton at the top and bottom of mineral intervals, and drill data and pit surveys completed by Barrick. The
ratio of waste to mineral tons within a cross-sectional preliminary pit outline of the shallow estimate is
1.06:1 and the ratio for the overall estimate is 2.55:1. Additional drilling is required to test further down
dip extensions of mineralization in the M-S area.
Significant drilling is required to test projections of mineralized trends and structures that extend for
considerable distances to the north and east of the M-S pit on the original lands acquired by Bullfrog in
2011. Located east of the M-S pit is an area 700 meters by 1,300 meters in which there is only one shallow
hole from which there is no data available. Only a portion of this area may be prospective, but it certainly
warrants additional study and exploration drilling.